The Ethical Climate of an Organization Refers to

question 21

Multiple Choice

The ethical climate of an organization refers to

• A)the requirement that companies adhere strictly to accounting rules.
• B)decisions based on rewards and punishments and immediate self-interest.
• C)ethical behavior that is based on the opinions and behaviors of relevant other people.
• D)the processes by which decisions are evaluated and made on the basis of right and wrong.
• E)an ethical system stating that the greatest good for the greatest number should be the overriding concern of decision makers.

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Definitions:

Coverage Of Insurance Policy

The specific risks, events, or damages that an insurance policy agrees to cover, including the limits and conditions.

Premium

The amount paid for an insurance policy, or the cost to acquire an option or financial instrument.

Declaratory Judgment

A court decision that resolves legal uncertainty for the parties involved, without requiring enforcement.

Liability Claim

A demand for compensation or remuneration made against an individual or entity responsible for causing harm or loss.